Explanation of Financial Terms

Asking Price
The total asking price of the business for sale.

Gross Revenue
All income the business received before any cost-of-sales or expenses have been deducted.

Cash Flow
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.

Inventory
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.

FF&E
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.

Real Estate
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.

Business Description

Turn key hardware store business, complete with $75,000 of inventory, plus recently added engine repair shop (most of equipment included). Also included in the sale is a second house, formerly a 1845 sq ft 2 family home now used for storage. Owner has worked diligently to restore this mainstay of Ripley...new rubber and metal roofs, updated electric added inventory, hired a full time mechanic for the newly created "Small Engine Service & Repair Shop", new signage and more. Complete inspection report is available for review

About the Business

Location:

Ripley, New York

Year Established:

1900

Number of Employees:

1 FTE, 1 PTE

Facilities:

Main building of 7304 sq ft has two stories and a full basement. Engine repair shop added on the original building. Two story house, formally a two family, not in condition to rent, used for storage.

Market Outlook/
Competition:

There is no competition in the area. The nearest hardware stores would be between 8 - 12 miles away. This has been a viable, small town business for over a century that the local communtiy reply on!

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Ripley Hardware

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